Aker Kvaerner to build world-scale polyolefins complex in Saudi Arabia
26 Jul '05
4 min read
SABIC is the largest petrochemical producer in the Middle East and now the 6th largest manufacturer in polypropylene and 4th in overall polyolefins production. The group produces almost 5 million tons of polyethylene and polypropylene per year. SABIC is owned by the Saudi Government (70%) and the private sector (30%). Private sector shareholders are from Saudi Arabia and other countries of the six-nation Gulf Cooperation Council (GCC).
Sinopec Corp is one of the largest integrated energy and chemical companies in China. It is China's largest producer and distributor of oil products (both wholesale and retail of gasoline, diesel, jet fuel) and No.1 producer and supplier of major petrochemical products (including petrochemical intermediates, synthetic resin, synthetic fibre monomers and polymers, synthetic fibre and chemical fertilizer), as well as the 2nd largest crude oil producer.
Polyolefins are a family of polymers derived from propylene and ethylene. As polymers, they form tough, flexible plastics with a large variety of uses. Applications range from rigid materials for refrigerators, computers and car parts, to soft, flexible fibres. Some have high heat-resistance for microwave food containers, while others melt easily and can be used for heat-sealable food packaging. Generally easy to recycle, polyolefins are steadily replacingtraditional materials in many applications.
Aker Kværner Well Service AS is Aker Kvaerner's Centre of Excellence for Well Service technology. The company is a principal supplier of Wireline, Tractor and Cased Hole Logging Services to the technology-oriented North Sea oil and gas industry.
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